THE REAL DEAL – August 22, 2022 BY LIDIA DINKOVA
Callista Couture, Unfashional I Lincoln Road I Miami Beach
In another example of New York businesses’ migration to South Florida, two retailers are making their debut with new stores on Miami Beach’s Lincoln Road.
Stephen Bittel’s Terranova, among the biggest landlords on the shopping and dining pedestrian street, signed Callista Couture for 1,200 square feet at 612 Lincoln Road, as well as Unfashional for over 1,500 square feet at 817 Lincoln Road, with an additional 1,700-square-foot pop-up space at 815 Lincoln Road, according to the landlord’s news release.
The buildings are part of Terranova’s seven-property portfolio spanning roughly 140,000 square feet along Lincoln Road. The company is based in Miami Beach.
Lincoln spans eight blocks and has 281 businesses, 65 restaurants, more than 800,000 square feet of retail space, according to the release. It includes over 1 million square feet of offices.
Silicon Valley Bank, MFS Investment Management I Four Seasons Hotel and Tower I Miami
Millennium Partners has fully leased the office portion at the Four Seasons Hotel and Tower in Miami’s Brickell.
Silicon Valley Bank, a subsidiary of SVB Financial Group, will move into 8,600 square feet on the 15th floor at the office building at 1441 Brickell Avenue in the second quarter of next year, according to a news release from the owner’s broker. Investment manager MFS Investment Management will move into 2,300 square feet, also on the 15th floor, by year-end.
In total, 19,000 square feet of new leases were signed, although the other tenants were not identified.
Gordon Messinger of CBRE represented Millennium Partners. Jenny Turner and Bob Orban of Cresa Partners represented Silicon Valley Bank. Carlyle Coffin of Newmark represented MFS Investment.
Millennium Partners completed the 70-story Four Seasons in 2003, with a 221-key hotel and 84 condo-hotel units on the lower floors and 186 condos on floors 40 to 70, according to the developer’s website and property records.